Crypto News

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Crypto exchange Rain was hacked for $14.8 million. 👀 Analyst ZachXBT reported that the crypto exchange Rain was likely hacked for $14.8 million. 🙀 The exploit occurred on April 29, 2024. Suspicious outflows of BTC, ETH, SOL, and XRP were discovered on the exchange's wallets. All withdrawn funds were converted into BTC and ETH. Rain is popular in the 🏜Middle Eastern market.

🚨🚨🚨 Big Bitcoin Investor from 2013 moved over 1,000 BTC worth $61M. Two Bitcoin 💰 wallets, inactive for over 10 years and 8 months, belonging to the same person and created on the same day. @News_Crypto

Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low. However, the market has experienced several healthy corrections during this bullish trend. In March 2023, Bitcoin saw a 22% drawdown, followed by a 20% correction that lasted from April to June 2023.

Taiwanese authorities have implemented new strict cryptocurrency regulations. The key aspects of these regulations are: 1️⃣ Digital asset service providers who do not register with the regulatory bodies and fail to meet anti-money laundering standards may be subjected to up to 2 years of imprisonment. 2️⃣ Individuals utilizing virtual asset accounts for illegal activities could receive prison terms of 6 months to 5 years. 3️⃣ Infringements of licensing regulations could lead to penalties as high as 50 million Taiwanese dollars (approximately $1.54 million). 📧Bright |⚡English |🔸 Learn >

Binance helped arrest ZKasino fraud suspect 🧑‍💻 The investigative team at Binance was instrumental in the apprehension of a suspect linked to the ZKasino blockchain casino fraud. The individual was arrested on April 29 by the Netherlands' Fiscal Information and Investigation Service. 📝 Binance's team conducted an analysis of smart contracts and employed both on-chain and OSINT tools to pinpoint the account of the 26-year-old suspect, who was revealed to be the founder of the platform, known by the pseudonym Derivatives Ape. 🧐 The findings were then passed on to law enforcement authorities. The company highlighted the crucial role of the community in aiding the arrest of the criminal. 🚔 Following the arrest of Derivatives Ape and the confiscation of his cryptocurrency, there was still movement of some ZKasino 💵 assets, suggesting the involvement of additional accomplices in the scam.

🚨Tether has blocked two wallets with a combined amount of $14,214,355 USDT Tether has previously pledged to block payments to organizations subject to OFAC sanctions. On May 2, Tether and Chainalysis announced the development of a solution to monitor the secondary market in the USDT ecosystem.

Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 $BTC misses $60,000 by a few dollars as market recovery starts. 2️⃣ 💰 Ethereum Network growth hits one-year high witnessing creation of 266.6k new wallets. 3️⃣ 💰 Spot bitcoin ETFs record largest daily net outflows of $563 million ever. 4️⃣ 💳 MoonPay integrates PayPal to allow US users easier access to crypto purchases and sales. 5️⃣ 🚨 FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme. 6️⃣ 💰 Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since 7️⃣ 💰 Coinbase revenue soars by 72% to $1.6 billion, smashing analysts’ predictions 8️⃣ 🇪🇺 BNP Paribas, Europe's second-largest bank, reported exposure to a spot Bitcoin ETF in its latest 13F filing. 9️⃣ 🇹🇷 Turkey officially halts all trade with Israel. 🔟 🇺🇸US Senators Urge President Joe Biden to Act on Crypto Regulation. @cryptothedoggy // @EvanLuthraVIP

What does “market capitalization” mean? A “market capitalization” is an indicator of the general value of a cryptocurrency. To calculate it, multiply the price of one coin by its total number of coins in circulation (however, CoinMarketCap and CoinGecko do this for you already). For example, if the price for one coin is $100 and there are 1 million coins in circulation, its market capitalization, or “market cap,” will be $100 million. A coin’s market cap is a data point that gets a lot of attention from investors because it shows how much the market values a specific coin. The higher the market cap, the more valuable the coin is. Although there’s always tons of chatter surrounding the market caps of various cryptocurrencies, it’s by no means the only data indicator of a coin’s health. 🧠 Learn Crypto ↔️ Invest ⚡️